PHILANTHROFUND FOUNDATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: PHILANTHROFUND FOUNDATION (EIN 36-3567019)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-04-08
IRS object ID: 201330989349300008
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule G
Schedule I
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-04-08T11:10:40-05:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	411360831	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	OLSEN THIELEN & CO LTD	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	2675 LONG LAKE ROAD	AddressLine1
City	ST PAUL	City
State	MN	State
ZIP Code	55113	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	363567019	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PHILANTHROFUND FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	PHIL	NameControl
Phone	6128701806	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1409 WILLOW STREET NO 109	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55403	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	LINDSAY KRUH	Name
Title	BOARD PRESIDENT	Title
Phone	6128701806	Phone
Date Signed	2013-03-15	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	LINDA M NELSON	Name
PTIN	P00205567	PTIN
Phone	6514834521	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	LINDSAY KRUH	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1409 WILLOW STREET NO 109	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55403	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1247302	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	PFUNDONLINE.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1987	YearFormation
State Legal Domicile	MN	StateLegalDomicile
Activity Or Mission Description	A VITAL RESOURCE & COMMUNITY BUILDER FOR LGBT & ALLIED COMMUNITIES IN THE UPPER MIDWEST	ActivityOrMissionDescription
Nbr Voting Members Governing Body	15	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	15	NbrIndependentVotingMembers
Total Nbr Employees	7	TotalNbrEmployees
Total Nbr Volunteers	100	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	804308	ContributionsGrantsPriorYear
Contributions Grants Current Year	454422	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	5015	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3255	ProgramServiceRevenueCY
Investment Income Prior Year	53898	InvestmentIncomePriorYear
Investment Income Current Year	45812	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-15687	OtherRevenuePriorYear
Other Revenue Current Year	-3050	OtherRevenueCurrentYear
Total Revenue Prior Year	847534	TotalRevenuePriorYear
Total Revenue Current Year	500439	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	167384	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	147900	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	208559	SalariesEtcPriorYear
Salaries Etc Current Year	242524	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	81106	TotalFundrsngExpCurrentYear
Other Expense Prior Year	198435	OtherExpensePriorYear
Other Expenses Current Year	366494	OtherExpensesCurrentYear
Total Expenses Prior Year	574378	TotalExpensesPriorYear
Total Expenses Current Year	756918	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	273156	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-256479	RevenuesLessExpensesCY
Total Assets BOY	1322415	TotalAssetsBOY
Total Assets EOY	1017765	TotalAssetsEOY
Total Liabilities BOY	119748	TotalLiabilitiesBOY
Total Liabilities EOY	110884	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1202667	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	906881	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	PHILANTHROFUND FOUNDATION IS A VITAL RESOURCE AND COMMUNITY BUILDER FOR LESBIAN, GAY, BISEXUAL, TRANSGENDER, AND ALLIED COMMUNITIES BY PROVIDING GRANTS AND SCHOLARSHIPS, DEVELOPING LEADERS, AND INSPIRING GIVING.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	632687	Expense
Grants	147900	Grants
Revenue	3255	Revenue
Description	IN FISCAL YEAR 2012, PFUND FOUNDATION WORKED TOWARD ITS MISSION AND ACHIEVED ITS EXEMPT PURPOSE THROUGH THE FOLLOWING ACCOMPLISHMENTS. PFUND AWARDED GRANTS TOTALING $93,000 TO 16 LESBIAN, GAY, BISEXUAL, TRANSGENDER AND ALLIED NONPROFITS AND PROGRAMS IN MINNESOTA, IOWA, NORTH DAKOTA, SOUTH DAKOTA AND WISCONSIN. PFUND GRANT RECIPIENTS ARE BUILDING COMMUNITY, ADVANCING EQUALITY AND INCREASING ACCESS, SAFETY AND SECURITY ACROSS THE UPPER MIDWEST BY DOING WORK RANGING FROM ADVOCATING FOR SAFER SCHOOLS, TO ORGANIZING AND CONNECTING LGBT COMMUNITIES OF COLOR, TO EDUCATING ABOUT LEGISLATIVE ISSUES AND BALLOT AMENDMENTS. PFUND ALSO AWARDED EDUCATIONAL SCHOLARSHIPS TO 18 OUTSTANDING LGBT AND ALLIED STUDENT LEADERS, TOTALING $53,900. THESE COLLEGE AND GRADUATE STUDENTS ARE RECOGNIZED FOR THEIR LEADERSHIP IN THEIR SCHOOLS AND COMMUNITIES, FROM ADVOCATING FOR INCLUSIVE SCHOOL CLIMATES AND POLICIES TO EXCELLING IN THE PERFORMING ARTS AND EDUCATING THEIR PEERS ABOUT LGBT COMMUNITIES. PFUND ALSO SUPPORTED COMMUNITY LEADERS AND ORGANIZATIONS WORKING TO ADVANCE LGBT ISSUES BY PROVIDING $8,000 IN FUNDING FOR THE DESIGN, IMPLEMENTATION AND ANALYSIS OF THE 2012 TWIN CITIES LGBT AGING NEEDS ASSESSMENT SURVEY. ADDITIONALLY, THIS YEAR PFUND WAS PROUD TO PARTNER WITH OTHER FOUNDATIONS AND GRANTEES TO HOST AND ORGANIZE A NATIONAL CONVENING FOR ORGANIZATIONS SERVING LGBT COMMUNITIES OF COLOR, CALLED BOLD. IN FY12, PFUND ALSO ORGANIZED MULTIPLE REGIONAL CONVENINGS AND ROAD TRIPS TO ASSESS REGIONAL LGBT NEEDS AND PRIORITIES AND PRODUCED A REPORT ENTITLED NOTES FROM THE ROAD. FINALLY, PFUND HONORED AND ENCOURAGED LGBT LEADERSHIP BY AWARDING THE ANNUAL "POWER OF PHILANTHROPY" AWARD TO RECOGNIZE A LEADER WHO INSPIRES GIVING IN THE LGBT COMMUNITY AND THE "POWER OF ONE" AWARD WHICH RECOGNIZES LGBT COMMUNITY ACTIVISM AND LEADERSHIP AND PROVIDES A $1,000 GRANT FOR THE AWARDEE TO DIRECT TO AN LGBT ORGANIZATION OF THEIR CHOOSING.	Description
Total Program Service Expense	632687	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	1	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	0	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	1	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	1	GrantsToOrganizations
Grants To Individuals	1	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	1	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	22	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	7	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	1	QuidProQuoContributions
Quid Pro Quo Disclosure	1	QuidProQuoDisclosure
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	15	NbrVotingGoverningBodyMembers
Number Independent Voting Members	15	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	MN	StatesWhereCopyOfReturnIsFiled
Own Website	X	OwnWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	THE ORGANIZATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	6128701806	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1409 WILLOW STREET 109	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55403	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (17 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
LUPE CASTILLO
BOARD CHAIR	2.00	X	X	0	0	0
DAWN LADASSOR
VP GOVERNANCE	2.00	X	X	0	0	0
ANNA MIN
VP COMMUNICATIONS	2.00	X	X	0	0	0
JARON ROERING
TREASURER, VP FINANCE	2.00	X	X	0	0	0
ALICIA CORDES
VP PROGRAMS	2.00	X	X	0	0	0
BILL VENNE
VICE CHAIR, SECRETARY	2.00	X	X	0	0	0
STEPHEN BUBUL
VP DEVELOPMENT	2.00	X	X	0	0	0
CURTIS BROCK
BOARD MEMBER	1.00	X		0	0	0
LOIS CARLSON
BOARD MEMBER	1.00	X		0	0	0
MAX GRIES
BOARD MEMBER	1.00	X		0	0	0
JENNIFER HOUSTON
BOARD MEMBER	1.00	X		0	0	0
JASON HOWARD
BOARD MEMBER	1.00	X		0	0	0
ALEX IANTAFFI
BOARD MEMBER	1.00	X		0	0	0
LINDSAY KRUH
BOARD MEMBER	1.00	X		0	0	0
DIANE NAPPER
BOARD MEMBER	1.00	X		0	0	0
KATE EUBANK
EXECUTIVE DIRECTOR	30.00		X	42500	0	3959
SUSAN RAFFO
EXECUTIVE DIRECTOR	30.00		X	42500	0	7401

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	85000	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	11360	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Fundraising Events	37341	FundraisingEvents
All Other Contributions	417081	AllOtherContributions
Noncash Contributions	25443	NoncashContributions
Total Contributions	454422	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	SCHLRSHP,OTHER MGMT FE	Description
Business Code	900099	BusinessCode
Total Revenue Column	3255	TotalRevenueColumn
Related Or Exempt Function Income	3255	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	3255	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	28759	TotalRevenueColumn
Exclusion	$28,759	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	717079	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	700026	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	17053	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	17053	TotalRevenueColumn
Exclusion	$17,053	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	43787	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	37341	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	46837	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	-3050	TotalRevenueColumn
Exclusion	-$3,050	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	500439	TotalRevenueColumn
Related Or Exempt Function Income	3255	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$42,762	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	147900	Total
Program Services	147900	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	91873	Total
Program Services	64073	ProgramServices
Management And General	12817	ManagementAndGeneral
Fundraising	14983	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	128258	Total
Program Services	90105	ProgramServices
Management And General	18499	ManagementAndGeneral
Fundraising	19654	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	4940	Total
Program Services	3242	ProgramServices
Management And General	501	ManagementAndGeneral
Fundraising	1197	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	17453	Total
Program Services	12262	ProgramServices
Management And General	2516	ManagementAndGeneral
Fundraising	2675	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	296	Total
Program Services	120	ProgramServices
Management And General	19	ManagementAndGeneral
Fundraising	157	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	9301	Total
Program Services	3769	ProgramServices
Management And General	584	ManagementAndGeneral
Fundraising	4948	Fundraising

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	44920	Total
Program Services	22430	ProgramServices
Management And General	2373	ManagementAndGeneral
Fundraising	20117	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	8295	Total
Program Services	8295	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	31882	Total
Program Services	22488	ProgramServices
Management And General	1077	ManagementAndGeneral
Fundraising	8317	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	5072	Total
Program Services	4007	ProgramServices
Management And General	502	ManagementAndGeneral
Fundraising	563	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	21399	Total
Program Services	14972	ProgramServices
Management And General	3029	ManagementAndGeneral
Fundraising	3398	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	1217	Total
Program Services	833	ProgramServices
Management And General	153	ManagementAndGeneral
Fundraising	231	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	3610	Total
Program Services	588	ProgramServices
Management And General	71	ManagementAndGeneral
Fundraising	2951	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1691	Total
Program Services	1183	ProgramServices
Management And General	239	ManagementAndGeneral
Fundraising	269	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1842	Total
Program Services	1289	ProgramServices
Management And General	261	ManagementAndGeneral
Fundraising	292	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
PROGRAM EXPENSE	230571	230571
MISCELLANEOUS	2851	1292	368	1191
DUES & SUBSCRIPTIONS	2110	2110
VOLUNTEER EXPENSE	1437	1158	116	163

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	756918	Total
Program Services	632687	ProgramServices
Management And General	43125	ManagementAndGeneral
Fundraising	81106	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	14635	BOY
EOY	40333	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	359370	BOY
EOY	91495	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	9530	BOY
EOY	37667	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	7085	BOY
EOY	5810	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	26463	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	26039	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2115	BOY
EOY	424	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	929680	BOY
EOY	842036	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1322415	BOY
EOY	1017765	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	11652	BOY
EOY	6621	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	8000	BOY
EOY	5000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	100096	BOY
EOY	99263	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	119748	BOY
EOY	110884	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-7246	BOY
EOY	-29435	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	334551	BOY
EOY	48980	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	875362	BOY
EOY	887336	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1202667	BOY
EOY	906881	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1322415	BOY
EOY	1017765	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-256479	ReconcilationRevenueExpenses
Reconcilation Other Changes	-39307	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	1	AccountantCompileOrReview
FS Audited	0	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	451210	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	343598	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	383882	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	804308	CurrentTaxYearMinus1Year
Current Tax Year	451757	CurrentTaxYear
Total	2434755	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	451210	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	343598	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	383882	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	804308	CurrentTaxYearMinus1Year
Current Tax Year	451757	CurrentTaxYear
Total	2434755	Total

Field	Value	IRS element (for citing)
Public Support Total170	2434755	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	36230	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	51669	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	46263	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	35003	CurrentTaxYearMinus1Year
Current Tax Year	28759	CurrentTaxYear
Total	197924	Total

Field	Value	IRS element (for citing)
Total Support	2632679	TotalSupport
Gross Receipts From Admissions Etc	204443	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.92480	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.92920	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	799014	BeginningOfYearBalance
Contributions	11974	Contributions
Investment Earnings Or Losses	-500	InvestmentEarningsOrLosses
Other Expenditures	40190	OtherExpenditures
End Of Year Balance	770298	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	713807	BeginningOfYearBalance
Contributions	14682	Contributions
Investment Earnings Or Losses	118583	InvestmentEarningsOrLosses
Other Expenditures	48058	OtherExpenditures
End Of Year Balance	799014	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	672102	BeginningOfYearBalance
Contributions	18813	Contributions
Investment Earnings Or Losses	71780	InvestmentEarningsOrLosses
Other Expenditures	48888	OtherExpenditures
End Of Year Balance	713807	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	850241	BeginningOfYearBalance
Contributions	14170	Contributions
Investment Earnings Or Losses	-145715	InvestmentEarningsOrLosses
Other Expenditures	46594	OtherExpenditures
End Of Year Balance	672102	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.00000	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	1.00000	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.00000	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	0	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	0	EndowmentsHeldByRelatedOrgs

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	26463	OtherCostOrOtherBasis
Depreciation	26039	Depreciation
Book Value	424	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	424	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	FUNDS HELD FOR QUATREFOIL LIBRARY	Description
Amount	$99,263	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	99263	TotalOfAmounts
Total Revenue	500439	TotalRevenue
Total Expenses	756918	TotalExpenses
Excess Or Deficit For Year	-256479	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-39307	NetUnrealizedGLOnInvestments
Total Adjustments	-39307	TotalAdjustments
Excess Or Deficit Per FS	-295786	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	465091	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-39307	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	3959	DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F990	-35348	RevenueNotRptdF990
Revenue Subtotal	500439	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	500439	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	760877	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	3959	DonatedServicesUseOfFacilities
Expenses Not Rptd F990	3959	ExpensesNotRptdF990
Expenses Subtotal	756918	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	756918	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	Identifier
Return Reference	PART X:	ReturnReference
Explanation	THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. THE ORGANIZATION IS ALSO EXEMPT FROM MINNESOTA INCOME TAXES. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. THE ORGANIZATION'S FEDERAL AND STATE TAX RETURNS ARE OPEN TO EXAMINATION FOR TAX YEARS 2009 THROUGH 2011.	Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	CABARET	NameOfEvent1
Gross Receipts Event1	81128	GrossReceiptsEvent1
Charitable Contributions Event1	37341	CharitableContributionsEvent1
Gross Revenue Event1	43787	GrossRevenueEvent1
Non Cash Prizes Event1	13199	NonCashPrizesEvent1
Rent Facility Costs Event1	5314	RentFacilityCostsEvent1
Food And Beverage Event1	11349	FoodAndBeverageEvent1
Entertainment Event1	6025	EntertainmentEvent1
Other Direct Expenses Event1	10950	OtherDirectExpensesEvent1
Gross Receipts Total	81128	GrossReceiptsTotal
Charitable Contributions Total	37341	CharitableContributionsTotal
Gross Revenue Total Events	43787	GrossRevenueTotalEvents
Non Cash Prizes Total Events	13199	NonCashPrizesTotalEvents
Rent Facility Costs Total Events	5314	RentFacilityCostsTotalEvents
Food And Beverage Total Events	11349	FoodAndBeverageTotalEvents
Entertainment Total Events	6025	EntertainmentTotalEvents
Other Direct Expenses Total Events	10950	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	46837	DirectExpenseSummaryEvents
Net Income Summary	-3050	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Recipient Table RecipientTable (6 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EIN Of RecipientEINOfRecipient	IRC SectionIRCSection	Amount Of Cash GrantAmountOfCashGrant	Purpose Of GrantPurposeOfGrant
PROJECT 515
1170 15TH AVE SE SUITE 208	MINNEAPOLIS	MN	55414	208876339	501(C)(4)	8000	EDUCATION-EQUAL RIGHTS FOR SAME-SEX COUPLES AND FAMILIES
LUTHERAN SOCIAL SERVICE - TOGETHER FOR YOUTH
424 W SUPERIOR ST SUITE 204	DULUTH	MN	55802	410872993	501(C)(3)	8000	EDUCATION/SUPPORT FOR GLBT YOUTH
AMAZE
PO BOX 17417	MINNEAPOLIS	MN	55417	411972162	501(C)(3)	10000	ENSURING ACCESS, SAFETY, AND SECURITY IN SUCH PLACES AS SCHOOLS, HEALTH PROVIDERS, AND HOUSING.
HMONG AMERICAN PARTNERSHIP
995 UNIVERSITY AVENUE W SUITE 215	MINNEAPOLIS	MN	55117	411667580	501(C)(3)	10000	EDUCATION/SUPPORT FOR HMONG GLBT EQUALITY
FREEDOM INC
601 BAYVIEW	MADISON	WI	53713	432023570	501(C)(3)	10000	EDUCATION/SUPPORT FOR GLBT YOUTH
SPRINGBOARD FOR THE ARTS
2751 HENNEPIN AVE S SUITE 237	MINNEAPOLIS	MN	55409	411690483	501(C)(3)	7500	GENERAL SUPPORT GRANT-GLBT PROGRAMS

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	6	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	EDUCATIONAL SCHOLARSHIPS	TypeOfGrant
Number Of Recipients	18	NumberOfRecipients
Amount Of Cash Grant	53900	AmountOfCashGrant

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	PROCEDURE FOR MONITORING GRANTS IN THE U.S.:	Identifier
Return Reference	PART I, LINE 2:	ReturnReference
Explanation	SCHEDULE I, PART I, LINE 2: ALL GRANTEES AND SCHOLARSHIP WINNERS SUBMIT APPLICATIONS OUTLINING HOW THEIR QUALIFICATIONS MATCH PFUND'S CHARITABLE MISSION. SCHOLARSHIP PAYMENTS ARE NOT DISBURSED UNTIL THOSE RECEIVING DISBURSEMENT SUBMIT PROOF OF ENROLLMENT AT AN ACCREDITED EDUCATIONAL INSTITUTION. SCHOLARSHIP CHECKS ARE MADE PAYABLE JOINTLY TO THE STUDENT WINNER AND THEIR ACCREDITED COLLEGE OR UNIVERSITY AND APPLIED TO STUDENT ACCOUNTS. GRANT DISBURSEMENTS ARE MADE PAYABLE TO REGISTERED 501C3 OR 501C4 ORGANIZATIONS.	Explanation

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	5	NumberOfContributions
Noncash Contribs Rptd F990	9867	NoncashContribsRptdF990
Method Of Determining Revenues	PUBLISHED STOCK QUOTE	MethodOfDeterminingRevenues

Other Non Cash Contributions Table OtherNonCashContributionsTable

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Description	AUCTION ITEMS	Description
Number Of Contributions	41	NumberOfContributions
Noncash Contribs Rptd F990	15576	NoncashContribsRptdF990
Method Of Determining Revenues	EST VALUE/DONOR	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	1	ReviewProcessUnusualNCGifts
Third Parties Used	0	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11	THE TREASURER AND FINANCE COMMITTEE REVIEW THE COMPLETED 990. THE EXECUTIVE COMMITTEE IS EMPOWERED TO REVIEW THE 990 IF THE FINANCE COMMITTEE CANNOT DUE TO TIMING IN REGARDS TO FILING DATE. THE BOARD CHAIR AND THE EXECUTIVE DIRECTOR OR OTHER DESIGNATED SIGNATORIES SIGN THE 990. THE 990 FORM IS THEN CIRCULATED ELECTRONICALLY TO THE FULL BOARD PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	EACH PFUND DIRECTOR AND STAFF MEMBER SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE PFUND PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. DETAILED PROCEDURES FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY ARE IN THE WRITTEN POLICY.
FORM 990, PART VI, SECTION B, LINE 15	PFUND FOUNDATION CONDUCTS PERFORMANCE REVIEWS ANNUALLY. A PERFORMANCE REVIEW DOES NOT NECESSARILY IMPLY AN INCREASE IN PAY. PFUND FOUNDATION IS COMMITTED IN PRINCIPLE TO PAYING MARKET WAGES INSOFAR AS POSSIBLE. DUE TO THE SIZE AND NON-PROFIT STATUS OF THE ORGANIZATION, THIS MAY NOT ALWAYS BE POSSIBLE. IN COMPENSATING EMPLOYEES, PFUND WILL CONSIDER THE FOLLOWING: 1. THE EMPLOYEE'S RELEVANT EDUCATION AND EXPERIENCE; 2. THE EMPLOYEE'S ON-THE-JOB PERFORMANCE; 3. THE COMPENSATION OF OTHER EMPLOYEES WITH SIMILAR QUALIFICATIONS; 4. THE COMPENSATION PAID BY OTHER ORGANIZATIONS TO EMPLOYEES WITH THE SAME POSITION AND SIMILAR QUALIFICATIONS; 5. THE EMPLOYEE'S OVERALL CONTRIBUTION TO THE ORGANIZATION; AND 6. PFUND FOUNDATION'S ABILITY TO PAY. COMPENSATION AND BENEFIT REVIEWS HAPPEN ANNUALLY. THE EXECUTIVE DIRECTOR SHALL HAVE SOLE DISCRETION IN DETERMINING EMPLOYEE COMPENSATION. THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS ARE DETERMINED BY THE BOARD PRESIDENT.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FOUNDATION'S ANNUAL FINANCIAL STATEMENTS ARE ALSO POSTED ON THE FOUNDATION'S WEBSITE, WWW.PFUNDONLINE.ORG.
FORM 990, PART XI, LINE 5:	NET UNREALIZED LOSSES ON INVESTMENTS: -39,307.	CHANGES IN NET ASSETS OR FUND BALANCES: